How To Get a Bigger Pension

It’s really easy to use our service. Simply complete the quote form on our website filling in as much detail as possible about your medical condition/s and lifestyle and click submit. As soon as we receive your request, we will get to work straight away searching the market for the highest enhanced annuity rate available to you.

Please note that our annuity quotations are only based upon the information you provide and are not a recommendation that any product is suitable for your circumstances. If you have any doubts, please consult an independent financial adviser before taking any action.

The following stages describe what to expect when you use our service:

Step 1 – Request a free search and quotation from us.

We will secure a personal quotation for you, based on the completion of a simple illustration request form. The form asks you to give basic personal details and details of the impairment(s), the date of the first diagnosis and some information regarding its severity. In some cases we may need to contact you for further information.

We will use this information to send to each annuity provider who will confirm your eligibility for impaired/enhanced annuity rates. Please note that in some cases it can take longer than 48 hours to send the results of your quote request as it can depend on the turn around times of the annuity providers and whether or not the providers require further information about your medical conditions.

Step 2 – We will relay to you the results of our search.

Unless further information is required by a provider, we will indicate the highest level of income we can obtain for you after a search of the market.

Step 3 – We forward to you a personal quotation, application form and key facts for your approval.

If you are happy with the highest annuity quoted and wish to proceed, you will receive full details of the annuity for your approval and completion.

Step 4 – You notify us of your acceptance, by returning the final documentation.

If you decide to proceed, we ask you to return the completed application form to our freepost office address, together with authorisation forms from your existing pension provider/s. We will forward the application form together with any additional documentation to the annuity provider on your behalf.
If the annuity is being purchased by using your own money, we ask you to enclose a cheque made payable to the provider, for the purchase price.

Step 5 – You will receive your Enhanced Annuity Policy Documents

Once the annuity provider has received the purchase monies, your annuity will start immediately and you will receive the policy documents shortly afterwards. At this point the transaction is complete and you should start to receive your Enhanced Annuity income together with your tax free cash lump sum, if applicable.

Please note that once the annuity provider receives your application, the will request the monies from your existing pension provider immediately. However depending on the particular pension provider, turn around times can vary considerably. We aim to chase all providers on a regular basis to reduce turn around times.

Doctors Reports

Some annuity providers require evidence of your medical impairment/s and request a detailed report from your doctor, at the cost to the provider. In these cases, it may take longer for the annuity provider to process your application.

Important Points:

• The annuity rates quoted within the illustrations we provide are guaranteed for a particular period of time, usually up to 30 days. After this, your annuity will be set up based on the annuity rates at that time, which may differ from the rates originally quoted.
• Once your annuity has begun, it can not be altered in any way therefore it’s important to be certain that it will suit your circumstances now and in the future.

Do You Qualify For An Enhanced Annuity?

The enhanced annuity specialist Just Retirement, estimates that up to 60% of clients could qualify for an enhanced annuity rate. But the truth is a large proportion of people that could qualify for an enhanced or impaired annuity rate due to illness or being a smoker, retire having accepted standard terms. They were simply not aware that they qualified for an impaired life annuity.

People who have suffered severe forms of one or more of the following potentially life threatening conditions would qualify for an impaired life annuity (these lists are not comprehensive).

Four of the major impairments that would qualify for impaired rate are:

• Cancer
• Heart Disease
• Stroke
• Major Organ Failure (Lung, Kidney, Liver)

But higher rates can be secured on less obvious health problems as well. Further impairments that will qualify include:

• Alzheimer’s Disease
• High Cholesterol
• Asthma
• Liver Cirrhosis
• Bronchitis
• Motor Neurone Disease
• Diabetes Mellitus
• Multiple Sclerosis
• Dementia
• Overweight
• Emphysema
• Parkinson’s Disease
• High Blood Pressure
• Regular Smokers
• Severe Hypertension
• Disease of the Central Nervous System

Obviously, a greater degree of impairment will result in a higher annuity rate being secured.

Did you know that your lifestyle can also improve the annuity rates offered to you? If you are a heavy smoker or maybe overweight you may qualify for an enhancement to the standard annuity rates on offer. Even your occupation could qualify for higher rates especially if you work within a dangerous or stressful job environment. Where you live is also an important factor when considering eligibility for enhancements.

So even if you do not have any significant health problems, you may still qualify for a higher rate than might otherwise be offered from standard annuity rates.

Go to the Free search and quotation page